Different Types of Financial Instruments
The world of global trade has been growing ever before; as more and more countries are doing import and export to fulfill their needs and demands. However, when it comes to trading; there is no question about it: Doing import and export requires ample cash flow and trade finance support.
What is LC Payment at Sight in Imports?
LC Payment at Sight is the payment term used in international trade finance to secure trade dealings from financial risks involved. Also, this term assures that the seller will receive the payment, once they fulfilled the terms mentioned in the issued LC at Sight.
Difference between MT799 and MT760: MT799 vs MT760
MT799 Vs MT760 – As a businessman, you might be aware of the difference between MT799 and MT760. Yes…. MT799 is used as a certification to prove financial capability.
Documentary LC Terms and Conditions
Documentary Letters of Credit are used as a payment term for centuries to facilitate global trade deals. Mostly, LC Terms and Conditions are governed by the ICC and UCP for Documentary Credits.
How Letters of Credit Work?
A Letter of Credit is a written undertaking issued by a bank, on behalf of its client, i.e. an importer or a buyer. This acts as a promise from a bank to make the payment to the seller, once they meet certain conditions.
Difference between LC and SBLC: Letter of Credit vs Standby Letter of Credit
Letter of Credit (LC) and Standby Letter of Credit (SBLC) are mostly used by importers and exporters as a payment in International Trade Transaction to ensure the financial safety between the buyer and the supplier.
What are the Documents Required for LC Opening?
Looking to avail LC at Sight – Import LC to facilitate your global trade transaction? But don’t know what are documents required for LC Opening? We’re here to help you!
What is a Standby LC & How to Apply? – Trade Finance Services
What is Standby Letter of Credit? A Standby LC is a payment given by a bank on behalf of their client. It often referred to as a loan of last resort. That means the bank fulfills the obligations at the end of the contract, only if the client defaults.
How Financial Bank Guarantee Can Support Your Everyday Trade Deals
What is a Bank Guarantee? Bank Guarantees are defined as a financial instrument that is issued by a bank on behalf of its client at their request. Via BG MT760, they assure the supplier that they will meet the financial commitment. i.e., in case, if any default occurs or the buyers cannot meet the terms of their contract.
How Traders Can Benefit from Our Trade Finance Facilities?
Trade Finance is the method that is often used by importers and exporters to finance their global/local trade. Mostly, when it comes to trading; sellers look for an option to reduce the payment risks for the goods supplied.